The Hershey Company ($HSY) Stock Forecast: Down 5.2% Today

What is The Hershey Company?

Hershey (HSY) is a well-known American company specializing in chocolate and confectionery products. The overall market sentiment has been bearish today.

Why is The Hershey Company going down?

HSY stock is down 5.2% on Nov 15, 2024 15:57

• The bearish movement in Hershey's stock could be attributed to profit-taking by investors after a period of sustained growth.
• The mention of Hershey may have drawn attention to the stock, prompting some investors to sell off their positions.
• It's possible that concerns about competition in the confectionery industry or overall market volatility have also contributed to the downward movement in Hershey's stock price today.

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Zacks Market Edge Highlights: Nestle, The Hershey, IonQ, Starbucks and Carvana

Nestle, The Hershey, IonQ, Starbucks and Carvana have been highlighted in this Market Edge article.

https://www.zacks.com/stock/news/2367913/zacks-market-edge-highlights-nestle-the-hershey-ionq-starbucks-and-carvana

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The Hershey Company Price History

15.10.2024 - HSY Stock was down 5.2%

• The bearish movement in Hershey's stock could be attributed to profit-taking by investors after a period of sustained growth.
• The mention of Hershey may have drawn attention to the stock, prompting some investors to sell off their positions.
• It's possible that concerns about competition in the confectionery industry or overall market volatility have also contributed to the downward movement in Hershey's stock price today.

09.01.2024 - HSY Stock was down 5.2%

• Hershey issued a sourish 2024 outlook, which may have negatively impacted investor sentiment.
• Rising cocoa costs are expected to bite into Hershey's earnings, leading to concerns about profitability.
• The surge in the cost of cocoa to record levels is pushing up the price of chocolate, potentially leading to reduced sales as cash-strapped consumers cut spending on treats.
• Hershey's plan to improve long-term operating efficiency may be costly, adding to investor concerns about the company's financial performance.

08.01.2024 - HSY Stock was up 5.3%

• HSY reported stable Q4 earnings, with adjusted EPS beating consensus expectations.
• The CEO of Hershey predicted 2 to 3% sales growth for the company this year.
• Arm Holdings, a high-flying stock, reported better-than-expected financial results, which may have contributed to the positive sentiment around HSY.
• HSY's rise in stock price was also accompanied by a boost in dividend.
• Overall, HSY's bullish movement today can be attributed to its strong earnings, positive sales growth outlook, and potentially influenced by the upbeat results of Arm Holdings.

08.01.2024 - HSY Stock was up 5.6%

• Arm Holdings, another stock, reported better-than-expected financial results, which likely contributed to the positive sentiment in the market and potentially influenced the bullish movement of HSY.
• HSY itself announced its Q4 numbers, which may have positively impacted investor confidence and contributed to the bullish movement.
• However, HSY also reported weaker-than-expected sales and guidance, leading to a slight dip in its shares. This mixed news could have caused some volatility in the market but did not significantly impact the overall bullish movement of HSY.
• The news about Hershey looking to cut jobs and projecting a dour 2024 may have had a minimal impact on the bullish movement, as investors focused more on the positive financial results and guidance.

26.09.2023 - HSY Stock was up 5.1%

• The stock had a bullish movement today despite the concerns raised by Consumer Reports about lead levels in chocolate.
• The news about lead levels in chocolate could have initially caused a negative impact on the stock, but investors may have focused on other factors such as the company's strategic acquisitions and pricing initiatives to navigate cost challenges.
• Insider selling of Hershey stock could indicate some concern in the company's prospects or a view that the stock is overpriced, but this did not seem to deter the bullish movement.
• The overall market sentiment of investors speculating on stocks ahead of Q3 earnings could have contributed to the bullish movement of Hershey stock.

10.05.2024 - HSY Stock was down 2.6%

• The recent release of Hershey's 2023 ESG report highlights the company's dedication to sustainability and responsible business practices.
• Despite the favorable ESG report, Hershey's stock saw a decline, closing at $196.42 with a -0.71% change, performing below the market average.
• The stock's decrease could be due to other external factors impacting the market or unrelated news, leading to investor pessimism.
• The contrast between Hershey's strong ESG initiatives and the stock's performance might reflect general market sentiment or individual obstacles affecting investor trust in the company.

27.09.2023 - HSY Stock was down 5.3%

• The bearish movement in HSY stock today can be attributed to a combination of factors:
• 1. Despite beating analyst expectations in their Q3 earnings report, HSY shares continue to decline. This suggests that investors may have had higher expectations for the company's performance.
• 2. The focus on Hershey's Q3 earnings call may have highlighted certain concerns or challenges that the company is facing, leading to a negative sentiment among investors.
• 3. The strong growth in Hershey's North American salty snacks segment, as mentioned in an article from Seeking Alpha, indicates potential for future growth. However, this positive aspect may not have been enough to outweigh other factors affecting the stock's performance.
• 4. The overall market sentiment and movement of other stocks, as mentioned in an article from CNBC, could have also influenced the bearish movement of HSY stock.

28.05.2023 - HSY Stock was down 2.3%

• The stock rating of HSY was upgraded from "hold" to "buy" by StockNews.com, indicating positive sentiment towards the company.
• Despite this upgrade, HSY experienced a bearish movement today, closing at $260.31 with a -0.55% change from the previous day.
• The stretched valuation of Hershey may have contributed to the bearish movement, as mentioned in one of the articles.
• It is important to note that the overall stock market experienced gains, highlighting the relative underperformance of HSY in comparison.

08.01.2024 - HSY Stock was up 5.4%

• Today, Hershey (HSY) experienced a strong bullish movement in the market. This can be attributed to a combination of factors:
• 1. Despite projecting a dour outlook for 2024 and reporting sales below analyst estimates in Q4, Hershey managed to beat earnings expectations. This positive surprise likely boosted investor confidence and contributed to the bullish movement.
• 2. The announcement of a quarterly dividend increase by Hershey's Board of Directors also added to the positive sentiment surrounding the stock. A 15% increase in dividends can attract income-seeking investors and drive up demand for the stock.
• 3. Although the weak sales and guidance weighed down the stock in premarket trades, the overall market sentiment towards Hershey remained positive due to its strong brand reputation and market position. Investors may have viewed the dip in share price as a buying opportunity, leading to the bullish movement.
• In summary, despite some negative factors, Hershey's ability to beat earnings expectations and the announcement of a dividend increase likely contributed to the bullish movement in the stock today.

07.06.2023 - HSY Stock was down 1.6%

• The bearish movement in HSY stock today could be attributed to a combination of factors:
• 1. Market sentiment: The downgrade of HSY by StockNews.com from a "buy" rating to a "hold" rating might have negatively impacted investor confidence in the stock, leading to selling pressure.
• 2. Profit-taking: After a period of outperforming the industry and benefiting from improved net price realization and high consumer demand, some investors may have decided to take profits and sell their HSY shares.
• 3. Overall market conditions: The slight decline in HSY stock could also be influenced by broader market trends or sector-specific factors affecting the consumer goods industry.
• 4. Lack of significant positive news: While there are articles highlighting HSY's potential dividend boosts and its relative performance compared to other companies, there may not be any recent groundbreaking news or developments to drive the stock price higher, resulting in a bearish movement.

01.07.2024 - HSY Stock was up 2.2%

• Despite missing Q2 earnings and revenue estimates, Hershey's stock experienced a strong bullish movement.
• The market may have reacted positively due to Hershey's ability to maintain a strong brand presence and consumer loyalty even in a challenging consumer environment.
• The trim in annual forecasts due to higher prices denting demand could have been offset by potential cost-saving measures or strategic initiatives by the company.
• Investors might be optimistic about Hershey's long-term growth prospects and resilience in navigating market challenges.